For the quarter, South America showed a loss of $295 million, against a loss of $182 million expected by nine analysts surveyed by Reuters.

The Asia-Pacific region's operating profit of $159 million was less than the $260 million expected, on average, by analysts surveyed by Reuters. Shanks said most of that profit came from China, but he didn't give a breakdown.

Ford's market share in China, the world's biggest car market, rose to a record 4.6 percent.

Profit in Europe, the first for the company in the region in three years, "clearly shows that the transformation plan is working," said Shanks of Ford's restructuring efforts that have included the closing of a plant in Belgium.

One-time items in the quarter included an accounting charge of $329 million because of poorer-than-expected cash flow in Russia, where Ford's has a joint venture with Russian carmaker Sollers.

The quarter was Ford's last one under the leadership of Alan Mulally, who retired as chief executive officer, making way for current CEO Mark Fields.

Net income in the quarter was $1.3 billion, or 32 cents per share, up from $1.23 billion, or 30 cents per share, a year earlier. Quarterly revenue of $37.4 billion compared with $37.9 billion a year ago.

The F-150 will begin production at Ford's Dearborn truck plant in October, and at its Kansas City, Missouri plant early next year.

On July 1, chief executive Alan Mulally handed over his post to chief operating officer Mark Fields, six months earlier than expected. Some credited Mulally as being instrumental in Ford's evasion of the fates its rivals Chrysler and General Motors suffered in the mid-2000s.

Earlier this month, Ford recalled more than 100,000 vehicles in over safety issues. It also released a statement on Tuesday assuring its forthcoming 2015 F-150, a bestselling pickup, will hold its own against rivals despite Ford's use of aluminum to reduce the truck's weight.